SADC: Domestic Toaster Market 2024

Domestic Toaster Market Size in SADC

The SADC domestic toaster market expanded markedly to $X in 2022, with an increase of 6.2% against the previous year. Overall, consumption, however, recorded a remarkable increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Domestic Toaster Production in SADC

In value terms, domestic toaster production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 111%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Domestic Toaster Exports

Exports in SADC

In 2022, overseas shipments of domestic electric toasters increased by 26% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 39%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, domestic toaster exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from South Africa (X units), together accounting for 98% of total export.

South Africa was also the fastest-growing in terms of the domestic electric toasters exports, with a CAGR of -2.7% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by +3.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest domestic toaster supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, growing by 22% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 65%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.3% per year.

Domestic Toaster Imports

Imports in SADC

In 2022, imports of domestic electric toasters in SADC contracted remarkably to X units, with a decrease of -16.3% against 2021. Over the period under review, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, domestic toaster imports fell notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 81%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

South Africa prevails in imports structure, reaching X units, which was approx. 78% of total imports in 2022. It was distantly followed by Angola (X units), making up an 8.5% share of total imports. The following importers - Mauritius (X units), Mozambique (X units), Botswana (X units) and Namibia (X units) - each recorded a 7% share of total imports.

Imports into South Africa decreased at an average annual rate of -3.5% from 2012 to 2022. At the same time, Mozambique (+11.3%) and Mauritius (+1.3%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +11.3% from 2012-2022. By contrast, Angola (-1.6%), Namibia (-2.8%) and Botswana (-3.5%) illustrated a downward trend over the same period. South Africa (-4.4 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported domestic electric toasters in SADC, comprising 76% of total imports. The second position in the ranking was held by Angola ($X), with a 7.6% share of total imports. It was followed by Mauritius, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in South Africa stood at +1.1%. In the other countries, the average annual rates were as follows: Angola (-1.5% per year) and Mauritius (+4.7% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, declining by -2.3% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster import price increased by +11.4% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Namibia ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform